Verde Servicos Internacionais S.A. cut its position in shares of Williams Companies Inc (NYSE:WMB) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,621 shares of the pipeline company’s stock after selling 4,115 shares during the quarter. Verde Servicos Internacionais S.A.’s holdings in Williams Companies were worth $5,354,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. purchased a new stake in Williams Companies during the 3rd quarter valued at about $105,000. Steward Partners Investment Advisory LLC purchased a new stake in Williams Companies in the 3rd quarter worth approximately $172,000. Sun Life Financial INC lifted its holdings in Williams Companies by 46,384.6% in the 2nd quarter. Sun Life Financial INC now owns 6,043 shares of the pipeline company’s stock worth $183,000 after buying an additional 6,030 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in Williams Companies by 44.4% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock worth $197,000 after buying an additional 2,013 shares during the period. Finally, Eqis Capital Management Inc. purchased a new stake in Williams Companies in the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors own 84.56% of the company’s stock.
Shares of Williams Companies Inc (NYSE WMB) traded up $0.12 during trading on Tuesday, hitting $29.54. The stock had a trading volume of 984,420 shares, compared to its average volume of 5,983,498. Williams Companies Inc has a fifty-two week low of $26.82 and a fifty-two week high of $33.67. The stock has a market capitalization of $23,653.22, a P/E ratio of 51.77, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38.
In other news, CEO Alan S. Armstrong bought 6,000 shares of Williams Companies stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average cost of $27.23 per share, with a total value of $163,380.00. Following the completion of the acquisition, the chief executive officer now owns 345,527 shares of the company’s stock, valued at approximately $9,408,700.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James E. Scheel sold 26,915 shares of Williams Companies stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $33.00, for a total value of $888,195.00. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.
Several equities research analysts have weighed in on WMB shares. Zacks Investment Research cut Williams Companies from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Group reiterated a “buy” rating and issued a $37.00 price objective on shares of Williams Companies in a report on Friday, January 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $36.00 price objective on shares of Williams Companies in a report on Monday, October 16th. Scotiabank reiterated a “hold” rating and issued a $36.00 price objective on shares of Williams Companies in a report on Monday, January 29th. Finally, Morgan Stanley decreased their target price on Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Williams Companies has an average rating of “Buy” and a consensus target price of $35.20.
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Williams Companies Company Profile
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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